Have you tried investing in tax liens or tax deeds but haven’t been as profitable as you wanted? 

There are 3 things that you need to be successful at tax sales. Those 3 things are…

1. An easy way to find tax sales and get the tax sale information
2. Knowledge of how the bidding process works in the particular auction they are participating in
3. A quick and easy way to choose the right properties to bid on

The 1st Thing to Help You Be Successful at Tax Sales: Getting the tax sale information

To be a successful tax lien or tax deed investor, you need to know when and where the tax sales are. Tax sales in some states only happen once a year, in other states they can take place in different counties throughout the year. You need to have a way of finding out when these tax sales are, without having to check the local paper or call every tax collector or county treasurer in the state you want to invest in. How you do that will depend on the state that you’re investing in and the type of tax sales that you want to participate in.

The 2nd Thing You Need to Know to Be Successful at Tax Sales is the Bidding Process

Once you have the tax sale information and you know where and when the tax sale is taking place, you need to understand the bidding process. I used to say that you need to know what the bidding process is in the state that you’re investing in. But with more and more counties using different online bidding platforms, now even in the same state there could be different methods of bidding.

You need to understand the bidding method that is deployed in the auction you’re bidding in. Is it a proxy or direct bidding system? Do you know exactly what is being bid? There are even some tax lien auctions where you bid premium as a dollar amount or as a percent of the assessed value of the property. It’s very important to know what you’re bidding.

The 3rd Thing You Need to Be Successful at Tax Sales is a Way to Easily Find the Right Properties

Every investor wants to know how to choose the right properties to bid on. What they don’t realize is that is not where due diligence starts. You must pick the right areas to invest in and the right type of properties to target. You want to be able to quickly filter the tax sale list by the type of property and the right areas. Then you need a way to quickly review the filtered list of properties to decide which one to bid on.

Want to know more about how to get the 3 things you need to be a successful tax lien or tax deed investor? Register for our next free Masterclass!

Mississippi Tax Sales

Mississippi tax sales take place on the 4th Monday of August, which this year is August 27. A few years ago, one of my coaching clients got 14 tax liens in the Mississippi tax sales.

She was interested in getting vacant land and was able to purchase all 14 liens for under $2500! Most of the liens she won were for vacant land, but one of the liens was for a residential property. She went to this live tax sale before COVID, since then more Mississippi counties have online tax sales.

How Mississippi Tax Sales Work

Mississippi has a 2 year redemption period an 18% return interest rate. The interest accrues monthly at 1.5% per month. Premium is bid for liens and you do not get any interest on the premium amount, which effectively lowers your return. If you are interested in having me help you buy some profitable liens or deeds in Mississippi this year, here’s how to start…

Get Profitable Tax Liens Coaching

With this program you get unlimited coaching and support from me for a year for less than 10K. Here are some of the results that clients have had in the past…

• A couple of clients from NY developed nice portfolios of New Jersey tax liens, with some liens at 18%. One of these clients made 7% on her money in just 6 months!
• A client from California has been able to buy a few tax liens at the online tax sales in Indiana
• A client from Texas purchased 14 tax liens at tax sale in Mississippi (18% interest) – all for under $2500!
• Another client from Washington State – currently living and investing from West Africa has purchased liens in Indiana and New Jersey, and was able to foreclose on one of his Indiana tax liens and one of his New Jersey liens!

Fill out the form at http://taxlienlady.com/mentoring-application  and get a link to schedule a 30 Clarity Call with me to see if this is right for you!

Why Michigan is one of my favorite tax deeds states

This is the season for Michigan tax sales. MI tax sales happen once a year in each of the counties and many of them are online. The initial tax sales are in late summer. Most of them are in August with a few in September. Many of these counties will hold a second auction for any properties that did not sell in the first auction.

What I really like about Michigan tax sales is the website www.tax-sale.info, which publishes the information for these tax sales, and conducts most of the online auctions. Some MI counties provide a lot of good information about the tax sale properties on this website.

The site is easy to navigate. And they give pictures of the tax sale parcels with property information. Some counties will even have descriptions of the tax sale properties that include the condition of the property.

Debby, one of the team members here at TaxLienLady.com lived in Michigan for years. And she owned property there. She knows all the really good places to invest. And assists me to help clients avoid investing in the not-so-good areas.

While investors want to stay away from places like Detroit and Flint Michigan (And they are wise to do so), there are also some very hot markets in that state. There are vacation areas and tourist spots where folks like to have summer homes in both the upper and lower peninsula.

Here at TaxLienLady.com® we have a workshop dedicated to the Michigan Tax Sales that is periodically updated. You can find out more about it at https://www.taxlienlady.com/tax-lien-investing-workshops/michigan-online-tax-sales-2020-virtual-workshop-2/.

And by the way…

Members of the Tax Lien Profits Accelerator™ get access to all of Tax Lien Lady’s® workshops – FREE. You can find out more about the Tax Lien Profits Accelerator™ at https://taxlienlady.com/membership.